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Strategies & Market Trends : The Art of Investing

PICK 58.15

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Jan 21 4:00 PM EST

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To: Sun Tzu who wrote (8839)	9/26/2024 11:22:23 AM
From: Sun Tzu	2 Recommendations Recommended By sixty2nds y2kate Read Replies (1) of 10762

As I was saying... if the management feels greasy, stay away. This was (and still is) my number one issue with SMCI. I will not be surprised one bit if over the next 6 months they sink due to "poor financial controls and reporting" and be forced to reinstate their results. Super Micro falls after report says US DOJ probing server maker Sep 26, 202415:11 UTC SMCI-11.78% Shares of AI server maker Super Micro Computer SMCI fall 11.8% to $400.14 in morning trading SMCI is being probed by the U.S. Justice Department following a critical report by an activist investor short-selling firm, the Wall Street Journal reports, citing people familiar with the matter Short-seller Hindenburg Research last month disclosed a short position in SMCI and alleged "account manipulation" at the company SMCI had denied the claims made by Hindenburg Research in the report and said it contained "false or inaccurate statements" about the server maker SMCI and DOJ did not immediately respond to Reuters requests for comment Up to last close, SMCI stock up ~61% YTD

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